Remuneration disclosure threshold updated; companies must apply the revised ceiling to directors' reports for eligible financial years.
Clarification addresses companies' disclosure obligations under the Particulars of Employees Rules, explaining that the monetary ceiling for mandatory disclosure has been revised and that the revised ceiling applies to directors' reports annexed to balance sheets for financial years closing on or after the specified effective date; companies must apply the revised threshold when determining which employee particulars to include.

Registration of charges: certified filings may be taken on record within ten days; uncollected certificates sent by post.
Documents relating to creation, modification or satisfaction of charges, when filed by companies or creditors and duly certified by a chartered accountant, cost accountant or company secretary in practice, may be taken on record within ten days; if the relevant certificate is not collected within seven days thereafter, it should be sent by post.

Misleading director designations must not be used-companies should not style non-board executives as special directors.
Designation of non board executives as special director or similar titles is impermissible because such titles convey board status and may mislead the public; companies are directed to ensure constituents discontinue use of corporate titles that falsely imply board membership.

Office or place of profit: revised application formats require complete particulars and covering letters from companies.
Formats for applications concerning office or place of profit have been revised by Notification GSR No. 510(E) to facilitate expeditious disposal; Form Nos. 24B, 25A and 26 must be adopted from 1st August, 1990, and applications must furnish complete particulars, with any additional information placed in covering letters.

Company Law Board authority to compel repayment of public deposits; non-compliance attracts criminal penalties and fines.
Company Law Board may direct repayment of public deposits unpaid on maturity after hearing, specify time and conditions for repayment, and non compliance is a punishable offence attracting imprisonment and fine; aggrieved depositors may apply in the prescribed form to the appropriate Bench with the prescribed fee, subject to statutory exclusions for certain transactions and classes of companies, and civil remedies remain available.

Cost auditor report submission determines appointment conclusion and counts toward the statutory ceiling when reports remain outstanding.
A cost auditor's appointment is deemed concluded upon submission of the cost audit report to the Central Government pursuant to the Cost Audit Report Rules; the specified number for statutory limits must be computed by counting companies where the auditor is appointed and reports are yet to be submitted, and companies with outstanding reports are to be included for the ceiling on cost audits.

Auditor appointment disclosure: Certificates under Section 224(1) must also include proposed appointments where consent given.
An auditor furnishing a certificate under Section 224(1) must take into account both actual auditor appointments and proposed appointments in companies for which the auditor has given consent.

Suspension of liabilities suspends enforcement proceedings including section 58A(9) until the relief undertaking notification ends.
Where a relief undertaking is notified under a State or Central relief enactment, monetary liabilities and remedies accrued before declaration are suspended and all pending proceedings, including enforcement proceedings under the Companies Act provision referenced, are stayed for the notified period; action under that Companies Act enforcement provision may be taken only after the relief notification expires.

Authentication of previous year figures: cost auditors should certify prior-year figures as based on management information and certificate.
Cost auditors reporting previous-year figures in the Cost Audit Report should include a certificate note stating that such figures are based on information furnished by management and that the auditor has obtained a management certificate corroborating those figures, rather than simply qualifying or disclaiming responsibility for unaudited prior-year data.

Name reservation rules: promoters named in the application must be subscribers at registration or fresh name application required.
Registrars must register a company only where the promoters named in the name availability application are the subscribers to the memorandum and articles at registration; applications must be filled and signed by one or more promoters. If a promoter withdraws before registration, a no objection letter is to be produced. Changed subscribers must submit a fresh name availability application. The Registrar may re allow the same name to another applicant only after an intervening period under existing procedure to prevent pre emption of names.